Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced the results of its second ordinary general meeting (OGM) held on 30 June 2026.
The meeting was convened via modern technology from the company’s headquarters in Jazadco, with a shareholder attendance rate of 16.52% after the first meeting failed to reach a legal quorum.
Shareholders approved the appointment of Al Zoman, Al Fahad & Al Hajjaj for Professional Consulting as the company’s auditor.
The consulting firm will examine and audit the financial statements for the second and third quarters and the full fiscal year 2026, as well as the first quarter (Q1) of 2027. The total audit fees were set at SAR 550,000, excluding value-added tax.
The assembly also approved the payment of SAR 700,000 as remuneration to the board of directors for the fiscal year ended 31 December 2025.
Furthermore, voters ratified related-party transactions with the National Aquaculture Group (NAQUA) totaling SAR 358,408 during 2025. These transactions, involving the purchase of feed supplies and raw materials, were conducted under prevailing commercial terms.
Shareholders also granted board member Jaber bin Mohammed Al Sahli permission to participate in a business competing with the company’s activities.
Jazadco completed procedures to renew two lease agreements with the Ministry of Environment, Water and Agriculture for land hosting its shrimp farms.
